Manufacturing in the UK has shown signs of recovery after the COVID crisis, according to the latest surveys.
Taken from IHS Markit and the Chartered Institute of Procurement and Supply’s (CIPS) monthly survey, the results show that the slowdown in production has eased somewhat since lockdown measures began to lift.
The manufacturing purchasing managers’ index (PMI) – which is a collection of surveys regarding business activity – rose to 40.7 in May, up from 32.6 in April.
The 40.7 result, however, still represents one of the worst months on record, and is still a way below the 50 benchmark that separates growth and contraction.
There were signs of growth in smaller pockets of the industry, mainly healthcare manufacturing, or PPE in response to the pandemic.
However, the recovery in the industry is expected to take longer than previously anticipated, despite the global positive signs like the return of growth for China’s
Rob Dobson, a director of IHS Markit, said: “Changes to working practices, uncertainty about how long the Covid-19 restrictions may be in place for, weak demand and Brexit worries all suggest the UK is set for a drawn-out economic recovery.
“This will make the ‘new normal’ one of the toughest recovery environments many manufacturers will ever have to face.”
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